Also in this playlist...
This transcript is automatically generated
Well is private better.
The public good privatizing government services help save billions of dollars -- -- joins me now with more on this story.
-- -- -- -- -- Our government is fat ugly and out of control it now gobbled up 25%.
Of our national economy it's the largest property owner in the nation and it poured billions and incompetent antiquated -- -- Like the post office and Amtrak what to do.
Privatize it in one capitalists who we can cut the -- -- the government raise hundreds of billions selling off assets.
And save billions morning expenses and improve service -- profit motive.
Forces up they should think about this they just restated the privatize that market has been a -- -- -- seven days.
And Thomas Jefferson that's how far back to -- go to the founding fathers he spoke to it back and 1808.
Today one -- -- on Wall Street John C Whitehead the fed chairman of Goldman Sachs in the seventies.
His Wall Street could really have a tattered image.
And reap up fourteen feet by doing Leveraged Buyouts of federal poll roads and bridges and office complexes.
So what -- did what to -- Cheryl.
You privatize that -- Yet get a gag Canada gets orderly -- what held -- -- -- glad that we haven't.
Have a couple good -- for yet what -- -- we got four million miles of public roads you could sell some of that.
Amtrak seventeen billion in assets I -- the business.
You got 121000 miles a commercial waterways you do something to some of the 17100 miles of levees 650 -- 308 -- 75 hydropower plants right.
-- -- on -- got more stuff what else to sell the golden for not support 260.
-- tour to two million ounces at 400 billion right now.
Strategic petroleum reserve we got to a lot of barrels -- crew -- for seventy billion.
And government backed student loans 400 billion dollars.
And one last familiar space exploration you know the Falcon Rocket that private rockets gonna take over the shuttle it can fly -- profits warning millions of C.
First of 300 million to -- for government.
And all one last thing I -- that the buildings.
Government -- -- that are -- 141000 excess of 55 pounds and under utilized the GSA says 40% of its buildings are under performing.
Sell off guys.
That's the answer.
What -- -- -- elevate let me bring -- day if what do you think -- is yeah.
It we have it would have to be a good deal for the taxpayers would have to make sure that's a very transparent process to make sure that it works out well in the make sure that the timing -- right to make sure that you don't.
Drop -- -- so to speak at a time of economic distress and then have a bad deal for the taxpayers when you turn around 510 years later and realize that wasn't the deal the taxpayers and hopefully.
You know you gotta be careful because the reason and fact exists is because is there anyone out there who could make passenger rail service profitable.
Yet there is of that to some kind of private buyout artist would chop it up and figure out what to do it and if they can't operate at a profit I question whether it should exist one last point -- it fiscal -- the government sold all of a 135 million dollars worth of buildings right there weren't -- -- -- it saved -- 125 million annual operating cost.
By selling a 135 million buildings he get it double effect there when you sell off stuff they just aren't using.
The British actually know how to privatize rail high speed rail.
And make it profitable and still be -- done but we don't have high speed -- we have an antiquated we will -- you really want to stick around we laughed as we want guys behind that but what company has the money to do that.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- And who -- to be but anybody goes and besides I can find a way to make better money with this.
I'll bet -- bidder Warren Buffett and the good the really lucky that I would love to see that I would back down again I -- that.
The arm up -- did a pretty good job the nation's rail system.
I do think all right -- we'll coma after the show's over and soon again and if he doesn't want to do -- that's why didn't we should have a candidate.
Two -- -- thanks Adam to curb spending the hour with me and that is it for me now sitting in ever to.
Filter by section